Medical Tricorder Device Market, Size, Share, Growth, Trends, Insight and Industry Forecast, 2021-2028

SKU: DMMD3899 | Last Updated On: Oct 04 2021 | No. of Pages: 180 | Available Formats

> Global Medical Tricorder Device Market Expected to reach a high CAGR of 8.40% By 2028: DataM Intelligence

Global Medical Tricorder Device Market is segmented By Type (USB Camera, Fibre Optic Camera, Wireless, Corded, Others), By Application (Diagnosis, Monitoring), By End user (Hospitals, Clinics, Others), By Region (North America, Europe, South America, Asia-Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2021-2028

 

Market Overview

The "Global Medical Tricorder Device Market" is predicted to reach at a high CAGR of 8.40% during the forecast period (2021-2028).

A medical tricorder is a handheld portable scanning device used by consumers to self-diagnose medical conditions within seconds and take basic vital measurements.

Source: DataM Intelligence Analysis (2020)

Market Dynamics

Technological Advancement in medical tricorder devices is expected to drive the market's growth.

According to the news article, on November 17, 2020. Recent advances in this technology have allowed the development of ultra-portable handheld devices that appear more like the tricorder from Star Trek than a traditional ultrasound machine. These devices hold high promise in many areas of medicine. Still, they are especially promising for uses such as monitoring heart failure and pneumonia in geriatric populations that have difficulties with mobility or remain entirely housebound. But when any innovative technology is adopted into the medical community, appropriate training to ensure diagnostic accuracy and safety is essential. A recent trial showed that a short training course – which was made even shorter when it was concluded due to the encroachment of the COVID-19 outbreak – dramatically increased the confidence of four geriatricians in their ability to use the devices and interpret images they got from them.  Geriatric patients disproportionally face barriers to care because of their serious medical conditions and transportation challenges. Ultra-portable handheld devices, called point-of-care-ultrasound (POCUS) devices, allow them to be carried to places like nursing homes or even homes, bringing evaluation and the potential for care directly to patients. For instance, doctors or other health professionals use handheld devices for fluid volume assessment, often related to heart failure, and check for urinary retention, pneumonia, and lower extremity blood clots, all common among older adults.

Similarly, according to the article, on April 24, 2021. Basil Lead Technologies has rolled out a very real tricorder, known as DxtER. Anyone in their own home can use it, and no medical training is even needed. DxtER works because of its sophisticated diagnostics engine; it pulls patients' data from multiple sources and runs them through algorithms that recognize 34 different health conditions. Some of these include tuberculosis, pneumonia, stroke, and diabetes. That sounds like something that came from the future, and we are here for it. Live long and prosper. Thus, from the above statements, the market is expected to drive in the forecast period.

Stringent Regulatory Requirements for Medical Devices is expected to hamper the market's growth.

According to the article, on 10 May 2021. Small medical device companies struggle to guarantee that their systems and processes, including labeling, are approved and compliant with stringent regulatory standards to ensure traceability of medical devices. It is a major task and can be a costly process. Indeed, agreement with the European Union (EU)’s Medical Device Regulation (MDR) will fetch over five percent of annual sales, according to 48 percent of 101 companies polled by the German company Climedo Health in July and August 2020 about their MDR-readiness.

Moreover, many small device manufacturers leave the procedure until late in the day and struggle to complete their validation processes and achieve compliance, when it is key that they go through these accurately and efficiently. If they get the software validation process wrong, they may need to take corrective actions later to rectify it. If they put incorrect and uncompliant data on the labels themselves, the fines are likely to be more severe, health and safety may be at risk. Thus, from the above statements, the market is expected to get hampered in the forecast period.

Medical Tricorder Device Market Industry Analysis

PESTAnalysis: SupplyChain:

 

COVID-19 Impact Analysis

The COVID-19 has positively impacted the medical tricorder industry and could contribute to the industry's growth. The pandemic has increased the need for outpatient services and patient monitoring drastically. People have become more conscious of self-diagnosing devices, and their use has been increased. Moreover, during this pandemic non-emergency hospital visits like regular checkups, unessential procedures have been postponed. Regulatory authorities have also supported the medical tricorder device industry to reduce patient flow to the hospitals and provide additional bed facilities for COVID-19 patients. In April 2020, The United States regulatory authority, the United States Food and Drug Administration (USFDA) had provided Emergency Use Authorization (EUAs) for certain patient monitoring and diagnostic devices to increase the availability of treatment and monitoring during the COVID-19 pandemic.

Segment Analysis

Diagnosis segment is expected to hold the largest market share in this market segment.

The diagnosis segment held the largest market share in 2020. The segment growth is attributed to the increasing number of pediatric or elderly patients suffering from chronic diseases, where medical tricorder for self-diagnosis has become an essential device used at home to monitor vitals in patients. Moreover, research and development and innovative approach, healthcare has facilitated with technically advanced devices. For instance, International Diabetes Federation(IDF) Diabetes Atlas 2019 reports that about 50.1% of people worldwide have undiagnosed diabetes. Therefore, to afford health facilities with the rising burden of chronic disease globally, diagnosis becomes important, and the demand for medical tricorder devices has increased. Thus, the segment is expected to hold the largest market share in the forecast period from the above statements.

Hospital segment is expected to hold the largest market share in this market segment.

The hospital segment held the largest market share in 2020. The segment growth is attributed to the easily accessible & omnipresent, large patient pool, and numerous patients prefer hospitals. Moreover, beneficial reimbursement policies are expected to boost the demand for the medical tricorder market in the segment. The ambulatory surgical centers are gaining popularity owing to the substantial demand for outpatient services. Additionally, cost-effective services and shorter stay duration are some factors that are expected to hold the largest market segment in the forecast period.

Source: DataM Intelligence Analysis (2020)

Geographical Analysis

North America region holds the largest market share in the global medical tricorder device market.

North America dominated the market with a revenue share in 2020. The region's growth is attributed to the increasingly sedentary lifestyle, increasing selection of technologically advanced solutions in health facilities; the growing burden of chronic diseases is expected to boost the market in the forecast period. For instance, according to the National Center for Biotechnology Information, on November 19, 2020. One-third of the global population aged 15 years and older are involved in insufficient physical activities, affecting health.  The mean daily duration of sedentary response is 7.7 hours among the American adult population. Sedentary lifestyles are spreading because of a lack of available spaces for exercise, increased occupational sedentary behaviors such as office work, and the increased penetration of television and video device.

 Sedentary behaviors have wide-ranging adverse impacts on the human body, including increased all-cause mortality, cardiovascular disease mortality, cancer risk, and risks of metabolic disorders such as diabetes mellitus, hypertension, and dyslipidemia; musculoskeletal disorders such as arthralgia and osteoporosis; depression; and cognitive impairment. Therefore, it led to the growing need for monitoring and diagnostic devices both in hospital and home facilities invite technologically advanced solutions that can serve purposely, and medical tricorder devices are the one. Thus, the North American region is expected to account for the largest market share in the forecast period from the above statements.

Source: DataM Intelligence Analysis (2020)

Competitive Landscape

The medical tricorder device market is vast with presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include QuantuMDx Group Ltd., Cloud Dx, Basil Leaf Technologies, LLC, Medipense Inc., Aidar Health Inc., Scanadu, Ibis Bioscience, Welfo Fiber Optics, Hamamatsu Photonics K.K. and Qualcomm Technologies, Inc. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the medical tricorder device market globally. Moreover, In March 2021, Aidar Health Inc. got 510(K) approvals from the United States Food and Drug Administration (USFDA) for its product, Mouthlab- A Device for Rapid Health Assessment, which measures multiple vital health parameters in 60 seconds.

Medical Tricorder Device Market Key Companies to Watch

QuantuMDx Group limited:

Overview:

QuantuMDx Group Ltd (QMDx) is a group of companies based in the International Centre for Life, Newcastle upon Tyne, UK. The Group owns the founding patent and the exclusive worldwide license for, among others, the use of nanowires and nanotubes in DNA detection.

­Product Portfolio:

 QuantuMDx Group Ltd (QMDx) has continuously set new standards for manufacturing of Q-POC™ (a handheld point-of-care genetic testing device).

Why Purchase the Report?

  • Visualize the composition of the medical tricorder device market segmentation by type, application, end user and region highlighting the key commercial assets and players.
  • Identify commercial opportunities in medical tricorder device market by analyzing trends and co-development deals.
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The global medical tricorder device market report would provide an access to an approx.55 market data table, 51 figures and 200pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
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  • Research Professionals
  • Emerging Companies
  • Manufacturers

Market Segmentation

Global Medical Tricorder Device Market – By Type

  • USB Camera
  • Fibre Optic Camera
  • Wireless
  • Corded
  • Others

Global Medical Tricorder Device Market – By Application

  • Diagnosis
  • Monitoring

Global Medical Tricorder Device Market – By End user

  • Hospitals
  • Clinics
  • Others

Global Medical Tricorder Device Market - By Region

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Table of Contents

  1. Global Medical Tricorder Device Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Global Medical Tricorder Device Market – Market Definition and Overview

  3. Global Medical Tricorder Device Market – Executive Summary

    1. Market Snippet by Type
    2. Market Snippet by Application
    3. Market Snippet by End user
    4. Market Snippet by Region
  4. Global Medical Tricorder Device Market – Market Dynamics

    1. Market Impacting Factors
      1. Drivers
      2.  Technological Advancement in medical tricorder devices is expected to drive the market's growth.
      3. Restraints:
        1. Stringent regulatory requirements for medical devices are expected to hamper the market's growth.
      4. Opportunity
      5. Impact Analysis
  5. Global Medical Tricorder Device Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Epidemiology Analysis
    3. Supply Chain Analysis
    4. Pricing Analysis
    5. Regulatory Analysis
    6. Reimbursement Analysis
    7. Unmet Needs
  6. Global Medical Tricorder Device Market – COVID-19 Analysis

    1. Analysis of Covid-19 on the Market
      1. Before COVID-19 Market Scenario
      2. Present COVID-19 Market Scenario
      3. After COVID-19 or Future Scenario
    2. Pricing Dynamics Amid Covid-19
    3. Demand-Supply Spectrum
    4. Government Initiatives Related to the Market During Pandemic
    5. Manufacturers Strategic Initiatives
    6. Conclusion 
  7. Global Medical Tricorder Device Market – By Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      2. Market Attractiveness Index, By Type Segment
    2. USB Camera*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2019-2028 and Y-o-Y Growth Analysis (%), 2020-2028
    3. Fibre Optic Camera
    4. Wireless
    5. Corded
    6. Others
  8. Global Medical Tricorder Device Market – By Application

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      2. Market Attractiveness Index, By Application Segment
    2. Diagnosis*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2019-2028 and Y-o-Y Growth Analysis (%), 2020-2028
    3. Monitoring
  9. Global Medical Tricorder Device Market – By End user

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End user
      2. Market Attractiveness Index, By End user Segment
    2. Hospitals*
      1. Introduction
      2. Market Size Analysis, US$ Million, 2019-2028 and Y-o-Y Growth Analysis (%), 2020-2028
    3. Clinics
    4. Others
  10. Global Medical Tricorder Device Market – By Region

    1. Introduction
      1. Market Size Analysis, US$ Million, 2019-2028 and Y-o-Y Growth Analysis (%), 2020-2028, By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End user
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End user
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End user
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End user
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End user
  11. Global Medical Tricorder Device Market – Competitive Landscape

    1. Key Developments and Strategies
    2. Company Share Analysis
    3. Product Benchmarking
    4. List of Key Companies to Watch
    5. List of Company with disruptive technology
    6. List of Start Up Companies
  12. Global Medical Tricorder Device Market- Company Profiles

    1. QuantuMDx Group Ltd.*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Cloud Dx
    3. Basil Leaf Technologies, LLC
    4. Medipense Inc.
    5. Aidar Health Inc.
    6. Scanadu
    7. Ibis Bioscience
    8. Welfo Fiber Optics
    9. Hamamatsu Photonics K.K.
    10. Qualcomm Technologies, Inc.(*LIST NOT EXHAUSTIVE)
  13. Global Medical Tricorder Device Market – DataM

    1. Appendix
    2. About Us
    3. Contact Us

List of Tables & Figures

List of Tables

Table1     Global Medical Tricorder Device Market Value, By Type, 2020, 2024 & 2028 ($ Million)

Table2     Global Medical Tricorder Device Market Value, By Application, 2020, 2024 & 2028 ($ Million)

Table3 Global Medical Tricorder Device Market Value, By End User, 2020, 2024 & 2028 ($ Million)

Table4   Global Medical Tricorder Device Market Value, By Region, 2020, 2024 & 2028 ($ Million)

Table5     Global Medical Tricorder Device Market Value, By Type, 2020, 2024 & 2028 ($ Million)

Table6   Global Medical Tricorder Device Market Value, By Type, 2019-2028 ($ Million)

Table7    Global Medical Tricorder Device Market Value, By Application, 2020, 2024 & 2028 ($ Million)

Table8   Global Medical Tricorder Device Market Value, By Application, 2019-2028 ($ Million)

Table9   Global Medical Tricorder Device Market Value, By End User, 2020, 2024 & 2028 ($ Million)

Table10 Global Medical Tricorder Device Market Value, By End User, 2019-2028 ($ Million)

Table11  Global Medical Tricorder Device Market Value, By Region, 2020, 2024 & 2028 ($ Million)

Table12   Global Medical Tricorder Device Market Value, By Region, 2019-2028 ($ Million)

Table13   North America Medical Tricorder Device Market Value, By Type, 2019-2028 ($ Million)

Table14   North America Medical Tricorder Device Market Value, By Application, 2019-2028 ($ Million)

Table15   North America Medical Tricorder Device Market Value, By End User, 2019-2028 ($ Million)

Table16   North America Medical Tricorder Device Market Value, By Country, 2019-2028 ($ Million)

Table17   South America Medical Tricorder Device Market Value, By Type, 2019-2028 ($ Million)

Table18   South America Medical Tricorder Device Market Value, By Application, 2019-2028 ($ Million)

Table19   South America Medical Tricorder Device Market Value, By End User, 2019-2028 ($ Million)

Table20  South America Medical Tricorder Device Market Value, By Country, 2019-2028 ($ Million)

Table21   Europe Medical Tricorder Device Market Value, By Type, 2019-2028 ($ Million)

Table22 Europe Medical Tricorder Device Market Value, By Application, 2019-2028 ($ Million)

Table23 Europe Medical Tricorder Device Market Value, By End User, 2019-2028 ($ Million)

Table24 Europe Medical Tricorder Device Market Value, By Country, 2019-2028 ($ Million)

Table25 Asia-Pacific Medical Tricorder Device Market Value, By Type, 2019-2028 ($ Million)

Table26 Asia-Pacific Medical Tricorder Device Market Value, By Application, 2019-2028 ($ Million)

Table27 Asia-Pacific Medical Tricorder Device Market Value, By End User, 2019-2028 ($ Million)

Table28  Asia-Pacific Medical Tricorder Device Market Value, By Country, 2019-2028 ($ Million)

Table29 Middle East & Africa Medical Tricorder Device Market Value, By Type, 2019-2028 ($ Million)

Table30  Middle East & Africa Medical Tricorder Device Market Value, By Application, 2019-2028 ($ Million)

Table31   Middle East & Africa Medical Tricorder Device Market Value, By End User, 2019-2028 ($ Million)

Table32 Basil Leaf Technologies, LLC: Overview

Table33 Basil Leaf Technologies, LLC: Product Portfolio

Table34 Basil Leaf Technologies, LLC: Key Developments

Table35 Medipense Inc.: Overview

Table36 Medipense Inc.: Product Portfolio

Table37 Medipense Inc.: Key Developments

Table38 Aidar Health Inc.: Overview

Table39 Aidar Health Inc.: Product Portfolio

Table40  Aidar Health Inc.: Key Developments

Table41   Scanadu: Overview

Table42 Scanadu: Product Portfolio

Table43 Scanadu: Key Developments

Table44 Ibis Bioscience: Overview

Table45 Ibis Bioscience: Product Portfolio

Table46 Ibis Bioscience: Key Developments

Table47 Welfo Fiber Optics: Overview

Table48  Welfo Fiber Optics: Product Portfolio

Table49 Welfo Fiber Optics: Key Developments

Table50 Hamamatsu Photonics K.K.: Overview

Table51   Hamamatsu Photonics K.K.: Product Portfolio

Table52 Hamamatsu Photonics K.K.: Key Developments

Table53 Qualcomm Technologies, Inc.: Overview

Table54 Qualcomm Technologies, Inc.: Product Portfolio

Table55 Qualcomm Technologies, Inc.: Key Developments

List of Figures

Figure1  Global Medical Tricorder Device Market Share, By Type, 2020 & 2028 (%)

Figure2   Global Medical Tricorder Device Market Share, By Application, 2020 & 2028 (%)

Figure3   Global Medical Tricorder Device Market Share, By End User, 2020 & 2028 (%)

Figure4   Global Medical Tricorder Device Market Share, By Region, 2020 & 2028 (%)

Figure5   Global Medical Tricorder Device Market Value, 2019-2028 ($ Million)

Figure6   Global Medical Tricorder Device Market Y-o-Y Growth, By Type, 2020-2028 (%)

Figure7   USB Camera: Global Medical Tricorder Device Market Value, 2019-2028 ($ Million)

Figure8   Fibre Optic Camera: Global Medical Tricorder Device Market Value, 2019-2028 ($ Million)

Figure9   Wireless: Global Medical Tricorder Device Market Value, 2019-2028 ($ Million)

Figure10 Corded: Global Medical Tricorder Device Market Value, 2019-2028 ($ Million)

Figure11  Others: Global Medical Tricorder Device Market Value, 2019-2028 ($ Million)

Figure12 Global Medical Tricorder Device Market Y-o-Y Growth, By Application, 2020-2028 (%)

Figure13 Diagnosis: Global Medical Tricorder Device Market Value, 2019-2028 ($ Million)

Figure14 Monitoring: Global Medical Tricorder Device Market Value, 2019-2028 ($ Million)

Figure15 Global Medical Tricorder Device Market Y-o-Y Growth, By End User, 2020-2028 (%)

Figure16 Hospitals: Global Medical Tricorder Device Market Value, 2019-2028 ($ Million)

Figure17  Clinics: Global Medical Tricorder Device Market Value, 2019-2028 ($ Million)

Figure18 Others: Global Medical Tricorder Device Market Value, 2019-2028 ($ Million)

Figure19 Global Medical Tricorder Device Market Y-o-Y Growth, By Region, 2020-2028 (%)

Figure20 North America Medical Tricorder Device Market Value, 2019-2028 ($ Million)

Figure21 North America Medical Tricorder Device Market Share, By Type, 2020 & 2028 (%)

Figure22 North America Medical Tricorder Device Market Share, By Application, 2020 & 2028 (%)

Figure23 North America Medical Tricorder Device Market Share, By End User, 2020 & 2028 (%)

Figure24 North America Medical Tricorder Device Market Share, By Country, 2020 & 2028 (%)

Figure25 South America Medical Tricorder Device Market Value, 2019-2028 ($ Million)

Figure26 South America Medical Tricorder Device Market Share, By Type, 2020 & 2028 (%)

Figure27 South America Medical Tricorder Device Market Share, By Application, 2020 & 2028 (%)

Figure28 South America Medical Tricorder Device Market Share, By End User, 2020 & 2028 (%)

Figure29 South America Medical Tricorder Device Market Share, By Country, 2020 & 2028 (%)

Figure30 Europe Medical Tricorder Device Market Value, 2019-2028 ($ Million)

Figure31 Europe Medical Tricorder Device Market Share, By Type, 2020 & 2028 (%)

Figure32 Europe Medical Tricorder Device Market Share, By Application, 2020 & 2028 (%)

Figure33 Europe Medical Tricorder Device Market Share, By End User, 2020 & 2028 (%)

Figure34 Europe Medical Tricorder Device Market Share, By Country, 2020 & 2028 (%)

Figure35 Asia-Pacific Medical Tricorder Device Market Value, 2019-2028 ($ Million)

Figure36 Asia-Pacific Medical Tricorder Device Market Share, By Type, 2020 & 2028 (%)

Figure37 Asia-Pacific Medical Tricorder Device Market Share, By Application, 2020 & 2028 (%)

Figure38 Asia-Pacific Medical Tricorder Device Market Share, By End User, 2020 & 2028 (%)

Figure39 Asia-Pacific Medical Tricorder Device Market Share, By Country, 2020 & 2028 (%)

Figure40 Middle East & Africa Medical Tricorder Device Market Value, 2019-2028 ($ Million)

Figure41 Middle East & Africa Medical Tricorder Device Market Share, By Type, 2020 & 2028 (%)

Figure42 Middle East & Africa Medical Tricorder Device Market Share, By Application, 2020 & 2028 (%)

Figure43 Middle East & Africa Medical Tricorder Device Market Share, By End User, 2020 & 2028 (%)

Figure44 Basil Leaf Technologies, LLC: Financials

Figure45 Medipense Inc.: Financials

Figure46 Aidar Health Inc.: Financials

Figure47 Scanadu: Financials

Figure48 Ibis Bioscience: Financials

Figure49 Welfo Fiber Optics: Financials

Figure50 Hamamatsu Photonics K.K.: Financials

Figure51 Qualcomm Technologies, Inc.: Financials

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